Melvin Lamont Evans
Does the brrrr method work for multifamily
26 December 2024 | 3 replies
@Melvin Lamont Evans Welcome to BiggerPocketsThe search function can help you find some relevant informationhere is an example https://www.biggerpockets.com/forums/88/topics/1049073-my-fi...
Devin James
Do you prioritize equity growth or cash flow in your investments?
5 January 2025 | 18 replies
While I do take into consideration all the relevant expenses when I vet a property I still like to see at least $200/door cash flow so I can more easily build up my reserves and have some money to work with.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 16 replies
Solid advice about using the relevant assumptions and strategies for the various classes.
Greg P.
Small Multi Family Coaches/mentors? 2-4 units.
13 January 2025 | 21 replies
I don't recommend throwing the baby out with the bath water, and definitely make sure you understand the nature of the Mentor you choose.BP is a great resource to meet some amazing people.
Robert Phillips
Real Estate Investing / Flipping
6 January 2025 | 3 replies
I am very interested in real estate investing and flipping (I have a decent amount of construction experience) I was wondering what some good resources are to look at when evaluating a property, especially in the Dayton / Cincinnati area.
Brian Chadwick
Selling one home to get three - smart or stupid?
13 January 2025 | 18 replies
I cannot see a scenario here where he is better off re-levering to enter if he can't weather a shorter time frame; and if he can weather one, then he has the funds to put a downpayment outright on a 2nd.
Nadia Jones
Do Term Sheets or Commitment Letters Show Financial Credibility to Brokers/Agents?
13 December 2024 | 4 replies
As lenders, well issue a prequal/preapproval letter if we've analyzed your income, assets (bank and brokerage statements to establish that you have the liquidity to afford the down payment, closing costs, and reserves), review credit of the guarantors, review the relevant experience to ensure that we're not throwing our money away on newbies that are wandering around in the dark, and have put together a reasonable plan of attack for the project.
Mike Sfera
Expense Estimate Resources
8 December 2024 | 1 reply
Are there any good resources online to be able to get an idea of average monthly/yearly expenses like utilities, etc. for a given zip or city?
Colin Ford
BRRR long term buy and old for STR or long term rentals
12 January 2025 | 12 replies
I have been working with my contractor about 23 years now and when we get involved in a project I go to the site at least 4-5 times per week.
Gerald Wallace
Car Wash Business Analysis
10 January 2025 | 2 replies
Does anyone have or know any resources for analyzing car washes?